Sunday, December 21, 2014

Fed signals patience; CPI posts largest drop in 6 years; the week ahead …

A closely watched statement from the Federal Reserve this week set the stage for the central bank to pivot away from its longstanding near-zero interest rate policy and potentially begin to make gradual interest rate hikes in mid-2015. Other economic data released revealed a drop in consumer prices, an increase in leading indicators, and a slowdown in residential construction.

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